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Stock market rout: India slips further from $2-trillion m-cap tag

This comes on the back of dwindling equity markets and a drop in the rupee's value

Sachin P Mampatta 

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The Sensex has fallen 20.5 per cent since the beginning of the year

will have to add more than $300 billion to regain the $2-trillion mark in after Thursday’s fall.

This comes on the back of dwindling equity and a drop in the rupee’s value. The Sensex has fallen 20.5 per cent since the beginning of the year. Returns in dollar terms are worse, at -23.7 per cent.

Foreign investors who have invested in dollars will be worse off than domestic ones.

Individual companies, too, fell below key levels. Both the Indian firms that had an m-cap of more than $100 billion have fallen below the triple-figure mark.

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First Published: Thu, March 12 2020. 23:51 IST
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